Don White wrote:
snip..
My next door neighbour makes a living as an Information Technology
consultant. He moved down from Ottawa with his Aloha 27.
http://www.halifaxinfo.com/
http://www.halifax.worldweb.com/
http://www.discoverysailing.com/pages/photos.html
Numerous other towns such as Lunenburg, Mahone bay, Chester etc.
Don't forget Baddeck on the Bras d'Or Lakes in Cape Breton.
http://baddeck.com/
Just got this e-mail from an investment advisor who keeps spamming me
for my modest nestegg....
Read it, especially the Nova Scotia part...
************************************************** *************
How to Play a Part in Canada's Growth
Tuesday, November 15th, 2005
Baltimore, MD * Jackson, WY * Missoula, MT
In this Issue...
* Canadian Confidential: Part 3
* How to Play a Part in Canada's Growth
* Why Nova Scotia?
* How Does a Non-Resident Buy Property in Canada?
Quote of the Day
"Stripped of your ordinary surroundings, your friends, your daily
routines, your refrigerator full of food, your closet full of clothes -
with all this taken away, you are forced into direct experience. Such
direct experience inevitably makes you aware of who it is that is having
the experience. That's not always comfortable, but it is always
invigorating."
-Michael Crichton
Canadian Confidential: The Maritimes Project Series 1, Part 3
By Brooke Hall
Over the past few years, Canada has been looking much more attractive to
potential investors, retirees and companies. But why?
The blossoming, beautiful and mostly ignored girl-next-door, Canada has
begun turning some heads.
And strangely enough, with such gorgeous and immense scenery, Canada
warmly welcomes and graciously accepts more immigrants per capita
annually than even the Untied States. And even more so than the US,
Canadians seem to view their culture to be shaped by immigration.
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How to Play a Part in Canada's Growth
Buying real estate, even if you plan on keeping your US citizenship, is
easier than ever.
If you plan on only residing in Canada for less than 6 months each year,
you can open a bank account and buy real estate in most Canadian
provinces. (But if you plan on living there for more than 6 months in a
year, you must apply for Immigration Status.)
Moreover, Canada especially encourages potential investors and in order
to help this along, the government has instituted certain tax breaks and
incentives for foreign investors.
In the past 5 years Canada has outdone the US by recording an inflation
rate of only 2.2%.
And if you're not listening yet, better perk up!
The OECD (Organization of for Economic Co-operation and Development)
estimates Canada's growth to average 3.1% over the period of 2004-2006,
the leader among G7 members.
According to a report released November 2, 2005, employment in Canada
has jumped by an est. 69,000 in October of this year, while the
unemployment rate dipped to 6.6% (the lowest in 3 decades).
With the hourly wages of employees increasing by 3.9% over the past
year, Canada's boom time is approaching.
The most growth in October 2005 happened among the private sector
employee rate (+59,000), hitting a whopping 97,000 since the start of
the year.
But even more intriguing, the same 10 month period has seen
self-employment grow by 87,000 (+3.5%).
With lower overall business costs, Canada's labor costs range from about
20-24% lower than that of the US.
And that's not all-Canada's construction and electricity costs are
anywhere from 8-22% cheaper than the US.
With a world class infrastructure, the lowest wireless communication
costs, a positive (and ethical) business climate, a lower cost of
living, untouched landscapes, friendly and honest people, extremely low
crime rate, no estate or death tax-Canada's looking mighty attractive.
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Why Nova Scotia?
This province, nestled between the mainland (New Brunswick) and the
North Atlantic Ocean, is an undiscovered northern paradise infused with
Irish, English and Scottish history, not to forget Native Indian and
French Creole cultural remnants.
In fact, the well-known Creole cuisine (that Louisiana is so famous for)
has its true roots in Nova Scotia.
It was later when the English came to dominate the territory that the
French culture and its people were forced to emigrate elsewhere-and
ended up establishing themselves in Louisiana and throughout the Caribbean.
Nova Scotia was the home of both the French Acadians and the Mi'kmag
Native Indian tribe. And if you listen closely enough, you'll hear the
unmistakable sound of a Scottish bagpiper or maybe even catch a glimpse
of the unifying dances of the Mi'kmaq sweet grass rituals, an inspiring
custom of this province's oldest inhabitants.
The dynamic interplay between all of these astonishing multi-culture
elements now graces Nova Scotia with a delightful blend of histories and
traditions.
The sea-coast traditions from so many old world cultures add spice and
character to this hidden paradise; legends of pirates and other mystical
entities are just some of the threads that create the patchwork of this
enchanting culture.
Nova Scotia has so much to offer: low cost of living, inexpensive real
estate, unspoiled land, generous (and honest) people, lifestyles to suit
every liking and famous residents including Paul Simon, Demi Moore and
Jack Nicholson, just to name a few..
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The Discovery
What I began to notice as I traveled north towards Cape Breton, was that
Nova Scotia was experiencing, at this very moment, the Bust side of the
economic cycle. This bust cycle is ready to boom.
And every savvy investor waits for that bust time so that they can reap
the benefits of the Boom.
A recent report was released by Nova Scotia Department of Tourism,
Culture and Heritage forecasting Nova Scotia's tourism industry.
After assessing the decline in tourism since 2003, they went on to say
"a report released in late 2004 entitled Long-Term Trends and Cycles in
Canadian Tourism suggests that tourism activity follows a ten-year
cycle, with peaks and troughs that mirror and exaggerate the Canadian
business cycle..If the cycle persists, we should be at the start of a
broad-based recovery that will see record growth over the next decade."
In March of 2005, RBC Financial Group released a provincial economic
forecast indicating that "healthy job numbers and strong fiscal
performance will boost Nova Scotia's economic growth to 2.4% in 2005 and
2.8% in 2006."
The report goes on to assert that "'Nova Scotia's economic outlook
continues to build on the momentum generated in the second half of
2004,' said Craig Wright, vice-president and chief economists, RBC."
Interestingly enough however, the housing market in Nova Scotia appears
"to have reached a plateau."
So, the Canadian economy (and tourist industry), employment, and wages
are all beginning their rise, all while the housing industry stays at a
steady pace.
All I can hear from the voice in the back of my head is.BUY, BUY, BUY.
How Does a Non-Resident Buy Property in Canada?
Again, buying real estate in Canada is simpler than it may seem.
There are so many ways in which you can go about buying property in
Canada, so many different status categories you can apply for, and
different tax stipulations (and more importantly, tax loopholes).
Due to an overwhelming response of Wealth Daily readers inquiring to
know more about Canadian land, real estate companies and investment
opportunities, I will be releasing a Full Report Canadian Confidential:
The Maritimes Project within the next 2 weeks here on Wealth Daily.
This report will offer a serious overall scope on the Atlantic
Provinces, why they seem so alluring, how to buy property in Canada
without losing American citizenship, how to invest and protect your
dollars in Canada, how to immigrate to Canada, and how Canada is the
most unheard of Tax Haven, not to forget my personal recommendations for
real estate companies in Canada that are selling land for pennies on the
dollar.
Until the Next,
Brooke Hall
i Statistics Canada, ii Statistics Canada, iii Statistics Canada, iv
Nova Scotia Department of Tourism, Culture and Heritage, v RBC Financial
Group, vi RBC Financial Group, vii RBC Financial Group
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